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Owner Contacts

$322,000

NAL Estimated Property Value

1626 College Ave, Fort Worth, TX, 76104

$418,600 ARV

Off Market

3 Beds

3 Bath

2,107 Sq Ft

Triplex

$154.25 / sqft

Built in 1923

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1

Garage Available

AppliancesElectric Range, Gas Range, Gas Water Heater, Refrigerator

FlooringLaminate, Tile, Vinyl, Wood

Exterior

Exterior FeaturesAwning(s)

Lot Size4,996 sqft

Building Information

Year Built1923

Stories1

Garage Spaces3

Land Information

APN3050--6

Lot Number6

SubdivisionBondies, George B Subdivision

Land UseResidential

Legal DescriptionBONDIES, GEORGE B SUBDIVISION LOT 6

Census Tract104100

Assessed Land Value$110,000

Assessed Improvement Value$180,000

Assessment Year2025

About this property

This excellent location in the heart of Fort Worth makes for an great investment opportunity. This property offers three 1 bedroom 1 bathroom units, with approximately 700 sqft each. A duplex style main house with an additional rental unit located above the detached garage. The units share a courtyard style backyard. The property is 100% occupied all with long term tenants. Units feature updated bathrooms, updated flooring, updated windows, plumbing updated to PEX, water supply line updated, roof is approx 8 year, and the main house electrical was rewired and updated 10 years ago. Property does not have central heat and air, but has window units and wall heaters. Property offers onsite parking. The bottom of the detached garage is currently used for storage,with the upper part as a rental unit. The location is ideal for tenants. It is close to everything including shopping, dinning, schools, TCU, Sundance Square, business district, hospital and medical, the Fort Worth Zoo and downtown Fort Worth. Invest in Fort Worth today!

Investor Tools

$322,000

Estimated Property Value

$80,605Estimated Mortgage Balance

$241,395Estimated Equity

74% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)*

$418,600

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,950 /month

Positive

Cash Flow Estimate:

$650 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$663/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$6,348

$290,000

2025

$110,000

$180,000

$290,000

Tax History

Year

Tax Paid

Assessed Value

2025

$6,348

$290,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Homebridge Financial Services Inc

Conventional

$108,750

First

Aug 29, 2014

Sep 2044

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$80,605

$241,395

74%

25%

$653/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$1,234/mo

$653/mo

+$581/mo

4.6%

Learn About the Market: Opportunity in Fort Worth

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Fort Worth

Fort Worth has transformed into one of the fastest-growing large cities in America. Anchoring the western side of the Dallas–Fort Worth Metroplex, the city combines its historic cattle industry and western heritage with modern economic strength. Major employers include aerospace and defense firms, healthcare systems, transportation companies, and advanced manufacturers.

With over one million residents and continued population growth at one of the fastest rates among major U.S. cities, Fort Worth offers relatively affordable housing compared to many peer cities while maintaining the economic advantages of a major metropolitan area. From North Fort Worth growth corridors to established neighborhoods, the city attracts homebuyers, businesses, and new residents seeking opportunity and affordability.

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